Grant of Options

Kea Petroleum plc

("Kea" or the "Group")

Grant of Options

Kea Petroleum plc (AIM: KEA), the New Zealand-based oil and gas exploration company, announces that as part of its remuneration policy the Company has granted 12 million options at 12p over ordinary £0.10p shares, exercisable from 7 January 2014 to 7 January 2021, to the following employees:

Roger Brand - 3million

Hamish Gordon - 2 million

Joe Johnson - 2 million

Roger O'Brien - 2 million

Keren Witt - 1 million

Ginette Kirwin - 1 million

Ross O'Brien 0 1 million

END

Notes to Editors:

Kea Petroleum is an AIM listed oil and gas exploration company with six petroleum exploration permits in Taranaki and Northland Basins of New Zealand and a 10% interest in the PEP 38524 joint venture. Kea listed on the London market in February 2010.